VAT

Scheme cuts costs caused by mistakes, HMRC says.

Just 29% know how to become MTD compliant.

Rules apply to all VAT-registered firms from April.

Cut would deliver ‘Brexit dividend’ but ignore other commitments.

Trade bodies demand temporary rate be made permanent.

HMRC misses out on £35bn in uncollected taxes.

HMRC warns against comparing recent annual tax receipts.

The EU launches its long-awaited one-stop shop.

Businesses can still make arrangements to avoid penalties.

The charge comes into effect from 1 March 2021.